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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues and other income:        
Operating revenues $ 734,798 $ 767,067 $ 1,468,502 $ 1,546,206
Investment income (loss) 8,181 11,743 18,382 21,609
Total revenues and other income 742,979 778,810 1,486,884 1,567,815
Costs and other deductions:        
Direct costs 440,225 455,531 877,302 917,860
General and administrative expenses 62,154 63,232 123,905 124,962
Research and engineering 14,362 13,281 28,225 28,355
Depreciation and amortization 160,141 159,698 317,826 322,729
Interest expense 51,493 46,164 101,872 91,305
Other, net 12,079 (1,775) 28,187 (44,150)
Total costs and other deductions 740,454 736,131 1,477,317 1,441,061
Income (loss) before income taxes 2,525 42,679 9,567 126,754
Income tax expense (benefit):        
Current 10,691 19,026 20,359 37,328
Deferred 4,863 7,422 11,239 12,135
Total income tax expense (benefit) 15,554 26,448 31,598 49,463
Net income (loss) (13,029) 16,231 (22,031) 77,291
Less: Net (income) loss attributable to noncontrolling interest (19,226) (11,620) (44,557) (23,456)
Net income (loss) attributable to Nabors $ (32,255) $ 4,611 $ (66,588) $ 53,835
Earnings (losses) per share:        
Basic (in dollars per share) $ (4.29) $ (0.31) $ (8.83) $ 4.05
Diluted (in dollars per share) $ (4.29) $ (0.31) $ (8.83) $ 3.79
Weighted-average number of common shares outstanding:        
Basic (in shares) 9,207 9,195 9,191 9,178
Diluted (in shares) 9,207 9,195 9,191 10,141